Not gone Wonga for the old boss
So goodbye to bad rubbish as payday lending firm Wonga teeters on the verge of administration.
Families were destroyed and some desperate people took their own lives as a result of the trauma caused by getting into debt with the company – which at one point charged an annual percentage interest rate of up to 5,853%.
But one person doing very nicely still is Wonga founder Errol Damelin. When he left the firm four years ago he was worth £34million – a decent amount of Wonga.
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MAY POLL DANCER How PM might look on Strictly